Primary earners keep households in the black

A large percentage of British households solely rely on their main earner's income in order to keep afloat, new research has revealed.

A third of people in the UK believe they would not be able to cope financially if their household's main income was lost, Scottish Widows revealed.

This may leave some families in breach of their tenancy agreements, as many landlords require their tenants to have a steady income.

Clive Allison, market director for protection at Scottish Widows, commented: "People are not protecting themselves in the unfortunate event of illness, an accident or death of the main breadwinner, which is leaving them vulnerable and in many cases unable to afford to support their families."

It was recently predicted by director of LandlordZONE Tom Entwistle that the private-rented sector will remain positive for at least the next five years as the property market recovers.

Published on: May 19, 2011

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